Texas Instruments Inc (TXN)

Index:

Nasdaq 100

$ 193.90
   
  • Change Today:
    $-2.38
  • 52 Week High: $202.54
  • 52 Week Low: $140.50
  • Currency: US Dollars
  • Shares Issued: 909.00m
  • Volume: 3,479,253
  • Market Cap: $176,255m
  • RiskGrade: 142

Texas Instruments' disappointing guidance offsets solid Q2 performance

By Iain Gilbert

Date: Thursday 22 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Semiconductor outfit Texas Instruments issued revenue guidance that disappointed investors overnight on Wednesday, with concerns that the Covid-19 fuelled demand for chips would be short-lived offsetting a strong second quarter performance.
For the second quarter, net income rose to $1.93bn, or $2.05 on a per share basis, up from $1.38bn or $1.48 a share, a year earlier. Revenues increased 41% to $4.58bn, ahead of expectations on the Street for a print of $4.36bn.

Cash flow from operations totalled $7.5bn for the trailing 12 months, with free cash flow of $6.5bn.

Texas Instruments also returned $3.9bn to investors through share repurchases and dividends during the period, with the dividend representing 56% of free cash flow.

However, Texas Instruments stated sales will be $4.44-4.76bn in the period ending in September, while profits will be $1.87 to $2.13 per share. Analysts had previously predicted profits of $1.97 per share and sales of $4.59bn.

As of 1500 BST, Texas Instruments shares were down 4.55% at $185.40 each.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

TXN Market Data

Currency US Dollars
Share Price $ 193.90
Change Today $ -2.38
% Change -1.21 %
52 Week High $202.54
52 Week Low $140.50
Volume 3,479,253
Shares Issued 909.00m
Market Cap $176,255m
RiskGrade 142

What The Brokers Say

Strong Buy 3
Buy 5
Neutral 17
Sell 5
Strong Sell 1
Total 31
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Trades for 14-Jun-2024

Time Volume / Share Price
15:59 100 @ $193.92
15:59 200 @ $193.92
15:59 200 @ $193.92
15:59 200 @ $193.92
15:59 116 @ $193.92

Top of Page